Study of existing methods for evaluation of organization activity efficiency

Abstract

Assessment of organizations creates preconditions for the detection and implementation of internal economy reserves of increase production efficiency, contributes to the achievement the best final results, the adoption of positive economic decisions. The system of efficiency indexes of the organizations takes the central place in management. In the article the basic methods of determination of mission and strategy are determined. Organizations that have clearly formulated goals and objectives with a given time scale to achieve them can easier  evaluate effectiveness. It has been done the classification of methods to assess efficiency of functioning economic entities by the ratio of objective and subjective factors. Approach to define indicators for assessing efficiency of the enterprise through strategic planning is considered currently the most promising, since it allows not only to evaluate the results which have been achieved, but also predicts the possibility of effective functioning of the enterprise in the future. While using this approach the authority of the enterprises has to provide answers to a number of important questions in the form of qualitative assessments of the economic efficiency of functioning subject, competitive leadership, the growth of the industry, the risks of disruption of supplies, the concentration of customers, the ability to access capital. It has formed the classification of methods to assess functioning of the organizations in the fields of economic analysis. The classification of indicators reflects the different sides of the entity condition . It has been conducted a detailed analysis of the methods and models which are based on the calculation and analysis of the general indicators of organizations. It is noted that one or another method cannot be applied in all situations. In the process of selection it is necessary toconsider specificity of the industry, the size of the company, features of its financial flows, accounting policies and a lot of other important aspects. Methods of assessing the economic efficiency of business entities continue to evolve and improve. Modeling and application of ORM models based on the application of stochastic differential equations become popular and get wide distribution and popularity in recent years. Method of added value of the share capital (SVA) has developed.The original methods of process-oriented analysis of profitability have become widespread.